Vonovia (OTCMKTS:VONOY) Shares Gap Up – Still a Buy?

Vonovia SE Unsponsored ADR (OTCMKTS:VONOY) gapped up before the market opened on Thursday . The stock had previously closed at $12.09, but opened at $12.87. Vonovia shares last traded at $12.9250, with a volume of 18,604 shares.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VONOY shares. Zacks Research upgraded Vonovia from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft raised shares of Vonovia from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Vonovia presently has an average rating of “Moderate Buy”.

Vonovia Price Performance

The business’s fifty day moving average price is $12.42 and its 200-day moving average price is $13.64. The stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 4.86 and a beta of 1.24.

Vonovia (OTCMKTS:VONOY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Vonovia had a return on equity of 14.51% and a net margin of 56.28%.The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.01 billion. Equities research analysts predict that Vonovia SE Unsponsored ADR will post 0.97 earnings per share for the current fiscal year.

Vonovia Company Profile

Vonovia SE is a Germany-based residential real estate company headquartered in Bochum that owns, manages and develops rental housing. Its core activities center on long-term residential leasing, property and facility management, maintenance and modernization of apartment portfolios, and project development. Vonovia provides tenant services and operational support to maintain and upgrade its buildings, with an increasing focus on energy-efficiency measures and building refurbishments to modernize stock and reduce operating costs.

The company traces its roots to Deutsche Annington and adopted the Vonovia name following a period of consolidation and growth; it has expanded through a series of acquisitions to become one of the largest residential landlords in Germany.